Annual report pursuant to Section 13 and 15(d)

Segment Data

v3.3.1.900
Segment Data
 12 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
15. Segment Data

The Company provides the following distinctive services: (a) direct hire placement services, (b) temporary professional services staffing in the fields of information technology, engineering, medical, and accounting, and (c) temporary light industrial staffing. Intersegment net service revenues are not significant. Revenues generated from the temporary professional services staffing and light industrial staffing are classified as contract staffing services revenues in the statements of operations. Selling, general and administrative expenses are not separately allocated among professional services or industrial staffing services within the contract staffing services sector for internal reporting purposes.

 

Unallocated Corporate expenses primarily include, corporate legal expenses, consulting expenses, audit fees, corporate rent and facility costs, board fees and interest expense.

 

    Fiscal Year Ended  
    September 30,  
(In Thousands)   2015     2014  
             
Direct Hire Placement Services            
Revenue   $ 6,665     $ 7,088  
Placement services gross margin     100 %     100 %
Operating loss     (795 )     (499 )
Depreciation & amortization     154       230  
Accounts receivable – net     630       805  
Intangible assets     109       228  
Goodwill     24       24  
Total assets     4,267       2,285  
                 
Contract Staffing Services                
Industrial services revenue   $ 26,499     $ 25,031  
Professional services revenue     10,223       7,692  
Industrial services gross margin     12.3 %     15.60 %
Professional services gross margin     31.5 %     31.10 %
Operating income   $ 1,352     $ 1,159  
Depreciation and amortization     579       268  
Accounts receivable – industrial services     2,897       3,318  
Accounts receivable – professional services     2,629       784  
Intangible assets     4,787       1,332  
Goodwill     8,196       1,082  
Total assets   $ 22,607     $ 7,559  
Unallocated Expenses                
Corporate administrative expenses   $ 615     $ 391  
Corporate facility expenses     80       160  
Board related expenses     238       93  
Interest expense     544       507  
Stock option amortization expense     340       120  
Acquisition, integration and restructuring expenses     373       30  
Total unallocated expenses   $ 2,190     $ 1,301  
                 
Consolidated                
Total revenue   $ 43,387     $ 39,811  
Operating loss     (1,633 )     (641 )
Depreciation and amortization     733       498  
Total accounts receivables – net     6,156       4,907  
Intangible assets     4,896       1,560  
Goodwill     8,220       1,106  
Assets from continuing operations     26,874       9,844  
Total assets   $ 26,874     $ 9,844